Charles River Associates Announces Teaming Arrangement With Ferrell, Nagy & Associates
With affiliated senior business professionals strategically located throughout the United States, FNA is led by founding principals and veteran consultants Rick Ferrell and Al Nagy, who, for the past decade, have been providing clients with comprehensive problem-solving and tactical strategies applicable to real estate issues. Complementing CRA's own consulting specialties in similar business and litigation settings, FNA's staff members offer real estate consulting services in the following areas:
- Providing Litigation Support Services
- Serving as Expert Witnesses
- Performing Forensic Analysis
- Serving as Case Investigators
- Providing Market Research Services
- Conducting Acquisition Due Diligence
- Performing Alternative Use Analyses, Highest and Best Use
- Providing Assistance with Bankruptcy Matters
In announcing the teaming arrangement with FNA, James C. Burrows, CRA's President and CEO, said, "In our volatile and uncertain economic climate, the conditions underlying real estate investments, loans secured by real estate, and other real estate assets are likely to be affected significantly. From initial consultations through expert witness preparation and litigation support, the new CRA/FNA team will be well positioned to offer quick and determined decision-making to clients facing challenges in a radically altered real estate environment. On behalf of Charles River Associates, I am delighted to welcome Rick Ferrell, Al Nagy, and their expert team onboard."
About CRA
Founded in 1965, Charles River Associates is an economics, finance, and business consulting firm that works with businesses, law firms, accounting firms, and governments in providing a wide range of services. CRA combines economic and financial analysis with expertise in litigation and regulation support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management. CRA is distinguished by a corporate philosophy of providing responsive, top-quality consulting; an interdisciplinary team approach; unsurpassed economic, financial, and other analytic skills; and pragmatic business insights. In addition to its corporate headquarters in Boston and international offices in London, Melbourne, Mexico City, Toronto, and Wellington, CRA also has U.S. offices in Berkeley/Oakland, College Station, Houston, Los Angeles, Palo Alto, Philadelphia, Salt Lake City, and Washington, D.C. More information about the Company can be found on its Web site at www.crai.com.
Statements in this press release concerning the expected benefits of the collaborative teaming arrangement between Charles River Associates and Ferrell, Nagy & Associates are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain, and actual performance and results may differ materially. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, acquisition costs, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, intense competition, and professional liability. Further information on factors that could affect the Company's financial results is included in the Company's filings with the Securities and Exchange Commission.
Charles River Associates Incorporated
CONTACT:
Charles River Associates Incorporated
Michael Tubridy, 617/425-3180
or
Sharon Merrill Associates, Inc.
Jim Buckley, 617/542-5300